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World Bank to poorer nations: Brace for a slowdown
World Bank warns developing countries should brace for growth slowdown stemming partly from Europe's debt woes.
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Audit report: PSO doles out billions to competitors, defaulters
The company continues to supply oil to defaulting stations.
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CASA-1000: Project working groups to meet on Jan 30
WB, IFC, USAID and Islamic Development Bank providing initial financing.
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‘Listed companies must update websites’
Company profile, contact details and financial figures should be disclosed.
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Court issues notices in petition against PSO
Long-serving contract employees want their services regularized.
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Market watch: Bourse jumps on earnings anticipation
KSE’s benchmark 100-share index surges 193 points.
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New textile projects come to a standstill
Textile estate plan abandoned, focus now on food estate.
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‘Exports to show negative growth this year’
SBP and TDAP estimates contrary to what the finance ministry is claiming.
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Pakistan to resume jet fuel supply to Afghanistan
Ban on supply to NATO forces will remain in place, PSO to set up offices in Afghanistan.
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Malaysian firm gears up for motorway project
Karachi-Hyderabad Motorway will cost Rs18.2 billion.
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Going up: Govt imposes petroleum levy on LPG once again
Price of the fuel expected to surge by 10% to an all-time high.
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Transit trade: Pakistan commits to releasing 700 stranded Afghan containers
Kabul says it is commercial cargo with duties paid by importers.
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Market access: Czech delegation promises support
Pak-Czech trade currently stands at $39 million and has tremendous potential for growth.
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Network Microfinance Bank: United International Group completes buy
The bank was previously part of the JS Group.
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Market Watch: Stock market rises in volatile session
KSE’s benchmark 100-share index gains 98 points.
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Textile manufacturing: At German exhibit, exporters come back empty-handed
Textile lobby wastes no time in blaming govt for their own poor performance.
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Snowfall: Cross-LoC trade, weekly bus suspended in Kashmir
Weekly bus service between Muzaffarabad -Srinagar named as ‘Karvan-e-Aman’ runs on a 170km road.
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Underground coal gasification off to promising start in Thar
Local community appears welcoming to team of scientists.
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No safety net: ‘Most people accept whatever work comes their way’
WB economist says measuring unemployment in South Asia irrelevant as growth in workforce, employment remains the same.
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Joint Economic Commission: Afghanistan wants stranded containers cleared
Transport comes to a standstill following NATO supply block.
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Arbitrage opportunities: ‘Pakistan should buy cheaper gas from US’
Planning Commission recommends cancelling current LNG import plan.
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Halal foods: Pakistan looking for share in trillion dollar market
Dr Hamid Jalil of PAMCO says Pakistan has 4th largest livestock population in the world with 180 million animals.
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WAPDA: Hydropower generation rises by 4b units
Additional supply to the national grid saved Rs40b, says annual report.
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Alternative power: Save the economy and the environment
Pakistan needs to shift to environment-friendly energy.
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Against all odds: Discontentment leading to entrepreneurial genius
NayaTel is one of the fastest growing private enterprises in Pakistan.
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Power of values: Our leaders need to set a better example
It is necessary for triumph of evil that good men do nothing: Burke.
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The large potential of small & medium enterprises
Lack of access to finance and protection from economic tidal waves killing this sector.
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Exports likely to fall $3b from last year’s level
Energy shortage, declining efficiency and loan defaults restrict industries.
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No free lunch: Rising price of wheat flour: trust the market to deliver
Government must allow the principle of demand and supply to play its role.
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Personal finance: Why investing in urban real estate may not be a good idea
The rental yields are lower than a savings account and your money gets tied up in lump sums.
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OGDCL protests: No oil supplies until jobs are regularised, warn workers
Employees protest for third consecutive day, OGDCL chief ‘besieged’ in Kunar.
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Taking stock: Shaikh tries to put a brave face on economic record
Finance minister gave PM Gilani review of progress country’s economic management team made over first six months.
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Indus Motor: NTC chairman reviews company’s progress
Transfer of technology in auto industry lauded.
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Consortium claims $10b interest in Thar coal
TharPak plans to set up coal mining, power plant and urea facilities.
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Power Looms: Operators demand sales tax withdrawal
Power looms and sizing units were already suffering from loadshedding and the sales tax had aggravated the situation.
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Sugar millers press government to buy surplus stock
If agreed, govt will have to spend Rs32b on purchase of 0.7m tons.
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Copper and gold: Tethyan informs government about international arbitration
Seeks damages in dispute over Reko Diq project’s mining rights.
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JS Group: the empire built by selling the family car
Jahangir Siddiqui sold the vehicle to a junk dealer for Rs1,800 45 years ago.
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Energy production: OGDC to begin LPG extraction from Kunnar-Pasakhi field
Process to begin after court dismisses petition against contract given to JJV.
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Weekly review: Political tensions keep bourse under pressure
Government’s tussle with army and judiciary keeps investors on the sidelines.
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Can Karachi’s camel milk shake the medical world?
A husband’s lactose-intolerant quest turned into a small business.
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Committee to monitor LNG import process
Petroleum secretary denies allegation of corruption in LNG policy.
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Loc trade: Goods worth Rs30m traded across borders
Trucks carrying fruits, spices, herbs worth Rs30m crossed over to either side of the Line of Control.
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Industries forced to run on expensive fuels
Power outages increase to 10 to 12 hours a day in city.
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Market Watch: Bearish trend snaps after six sessions
KSE’s benchmark 100-share index recovers 105 points.
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Milk, meat productivity stands low
90 per cent livestock is not getting proper vaccination.
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As it swings back to profitability, Burj Bank seeks branch expansion
Consumer financing SME lending, likely to be bank focus in the coming year.
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Coming through: Undeterred by challenges, IT industry grows steadily
Skilled workforce, entrepreneurship trend main drivers of 15-20% export growth.
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Farmers demand insurance cover to offset losses
Different factors cause 40% damage to crops every year.
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Accounting practises: Why auditing of smaller firms can be tougher
Lack of financial controls or accounting knowledge is the main problem.